Guidelines for Obtaining Owner Financial Information - 290

ConsensusDocs 290 is a unique and essential construction industry guideline that provides a standardized process for requesting financial information from the Owner of a project. It is the only industry-standard document designed to help Constructors—such as general contractors, builders, construction managers, and design-bid-build professionals—secure reasonable assurance of payment for the work they perform.

This document was created with a strong focus on respectful and professional communication, ensuring that financial inquiries are made in a manner that maintains positive relationships while upholding accountability. By following the procedures laid out in ConsensusDocs 290, Constructors can gain access to critical financial insights without overstepping boundaries, helping protect against the risk of non-payment.

The primary objective of this guideline is to establish transparent expectations between the Constructor and Owner when it comes to project funding. By using this standardized document, Constructors can better manage cash flow, reduce financial uncertainty, and make informed decisions before committing further resources to a project.

Key Features and Benefits:

• The only standard construction form focused on financial information requests
• Provides structured guidance on how to request Owner-provided payment assurance
• Promotes transparency and financial accountability
• Helps avoid payment delays and potential disputes
• Supports healthy working relationships between Constructors and Owners
• Can be used for both public and private construction projects

ConsensusDocs 290 is particularly valuable during uncertain market conditions or for large-scale projects with significant financial commitments. By offering a clear, respectful method to request and obtain financial data, it serves as a risk management tool that strengthens both the construction process and professional relationships.